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- Tasks: Lead financial risk management and implement controls across the organisation.
- Company: Join PwC, a global leader in professional services and consulting.
- Benefits: Enjoy flexible working, private medical cover, and volunteering days.
- Why this job: Make an impact on financial compliance while collaborating with senior stakeholders.
- Qualifications: Relevant accounting qualification and experience in financial controls required.
- Other info: Opportunity to work on high-risk engagements and automate controls.
The predicted salary is between 43200 - 72000 £ per year.
The role: The Financial Risk and Controls Manager plays a pivotal role in driving an ethos of financial risk management discipline across the organisation and in providing leadership and direction in carrying out the following primary responsibilities:
- Identify financial risks, design and implement appropriate mitigating controls in partnership with key stakeholders.
- Advise and assess financial risks, stewardship of the firm’s resources, and compliance with regulatory/contractual requirements.
- Monitor the ongoing effectiveness of the firm’s financial control framework.
You’ll work collaboratively with a range of senior stakeholders across the firm including the firm’s Financial Controller, Finance Directors, Finance Leaders, Internal and External Audit, Risk & Quality, Office of General Counsel, and Accounting Consulting Services.
What your days will look like:
- Lead reviews of large and high-risk engagements to ensure correct accounting treatment aligned with revenue recognition policies and IFRS.
- Update the firm’s revenue recognition accounting policy for emerging revenue streams and share knowledge on joint initiatives with PwC network finance colleagues.
- Identify risks, utilize industry knowledge, analyze potential impacts on the business.
- Automate manual controls to enhance and improve the design and effectiveness of controls, including documentation, assessment, and testing processes.
This role is for you if:
- You possess a relevant accounting qualification (ACA, ACCA, CIMA or international equivalent) with experience in financial controls and accounting from industry or auditing backgrounds.
- You have expertise in financial processes, best practices, controls, risk assessment, mitigation, and IFRS reporting requirements.
- You have experience managing projects of varying sizes and complexities, with effective stakeholder communication skills.
- You are comfortable owning and developing the internal controls framework, working with internal and external audit teams to ensure control effectiveness and address audit findings.
- You have strong communication skills to provide robust counsel on financial compliance and controls scenarios.
- You have experience in compliance with regulations and contractual commitments.
What you’ll receive from us: We offer benefits designed to support your career and personal life, including flexible working arrangements, private medical cover, 24/7 virtual GP access, volunteering days, and more.
Financial Risk and Controls Manager employer: PwC
Contact Detail:
PwC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Risk and Controls Manager
✨Tip Number 1
Network with professionals in the financial risk management field. Attend industry events, webinars, or local meetups to connect with individuals who work at PwC or similar firms. This can provide you with insider knowledge and potentially a referral.
✨Tip Number 2
Familiarise yourself with PwC's specific financial control frameworks and methodologies. Understanding their approach will not only help you in interviews but also demonstrate your genuine interest in the role and the company.
✨Tip Number 3
Prepare to discuss real-world examples of how you've identified and mitigated financial risks in previous roles. Be ready to explain your thought process and the outcomes of your actions, as this will showcase your expertise and problem-solving skills.
✨Tip Number 4
Stay updated on the latest trends and regulations in financial risk management and IFRS reporting. Being knowledgeable about current issues will allow you to engage in meaningful conversations during interviews and show that you're proactive in your professional development.
We think you need these skills to ace Financial Risk and Controls Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial risk management and controls. Use specific examples that demonstrate your expertise in financial processes, compliance, and stakeholder communication.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the Financial Risk and Controls Manager role. Explain how your background aligns with the requirements and express your enthusiasm for working with PwC.
Highlight Relevant Qualifications: Clearly state your accounting qualifications (ACA, ACCA, CIMA or equivalent) and any relevant certifications. Emphasise your experience in financial controls and IFRS reporting to showcase your suitability for the role.
Showcase Project Management Skills: Include examples of projects you've managed that relate to financial controls and risk assessment. Highlight your ability to communicate effectively with stakeholders and lead initiatives that improve control frameworks.
How to prepare for a job interview at PwC
✨Understand Financial Risk Management
Make sure you have a solid grasp of financial risk management principles. Be prepared to discuss how you've identified and mitigated financial risks in previous roles, as this will demonstrate your expertise and relevance to the position.
✨Showcase Your Stakeholder Management Skills
Since the role involves collaborating with various senior stakeholders, be ready to share examples of how you've effectively communicated and worked with different teams. Highlight any successful projects where you led cross-functional collaboration.
✨Familiarise Yourself with IFRS and Revenue Recognition Policies
Brush up on IFRS standards and revenue recognition policies, as these are crucial for the role. Be prepared to discuss how you've applied these standards in your past work and any challenges you've faced in ensuring compliance.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in financial controls and risk assessment. Think of specific situations where you had to analyse risks and implement controls, and be ready to explain your thought process.
